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“Additionally, Chief Financial Officer James Openshaw said the university projected spending more than $9 million in fiscal year 2014 on athletics while bringing in only about $2.9 million.”

A local newspaper does an end of the year tip of the hat to one-hell-of-a-mess South Carolina State University. Although basically bankrupt – financially, intellectually, and certainly morally – it continues to spend money it doesn’t have on athletics.

I mean, SCSU has no money at all. It’s tens of millions of dollars in debt. It’s on probation. Its board chairman’s on his way to jail, and its chief counsel just got six months’ probation. The state’s going to give it some bail-out money, but it won’t be enough, and students are fleeing in droves.

But the games must go on.

Margaret Soltan, December 28, 2014 8:32PM
Posted in: sport

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